Lakestar leads €75m round for Isar Aerospace

The company intends to put the fresh capital towards its research, development and production, with the aim of staging the first commercial launches in 2022.

Also backing the round are existing investors Earlybird, VSquared Ventures, Airbus Ventures, Apeiron Investment and UVC Partners.

New investor HV Capital also joined the round, alongside several new and existing business angels, including SpaceX's Bulent Altan.

Lead investor Lakestar is currently deploying via Lakestar Growth and Lakestar III, which focus on growth-stage and later-stage investments respectively. Both vehicles held final closes in February 2020.

Previous funding
Isar raised a seed round in September 2018, backed by Vito Ventures via its debut fund.

In December 2019, Earlybird and Airbus Ventures led a $17m round for Isar. Christian Angermayer's Apeiron also backed the round, as well as existing investors Vito and UVC Partners.

Company
Isar develops a micro-satellite launcher for satellite constellations, which it aims to commercialise on a global scale. The company aims to make space access affordable and sustainable. The company was founded in 2018 and is based in Ottobrunn, Bavaria.

People
Isar Aerospace – Daniel Metzler, Josef Fleischmann, Markus Brandl (co-founders).
Lakestar – Klaus Hommels (founder, CEO).
Earlybird – Hendrik Brandis (co-founder, partner).

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• Topics
• Early-stage
• DACH
• Industrials
• Venture
• Germany
• Earlybird
• Holtzbrinck Ventures
• Lakestar